{"id":84124,"date":"2025-08-21T04:41:12","date_gmt":"2025-08-21T04:41:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/84124\/"},"modified":"2025-08-21T04:41:12","modified_gmt":"2025-08-21T04:41:12","slug":"brisbane-economy-breaks-200-billion-barrier","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/84124\/","title":{"rendered":"Brisbane economy breaks $200 billion barrier"},"content":{"rendered":"

\"\"<\/p>\n

Brisbane\u2019s economy has surged past $200 billion for the first time, with new figures confirming the city\u2019s position as one of the fastest-growing urban economies in Australia and the Asia Pacific.<\/p>\n

The 2025 State of the City Report, released today by Brisbane Economic Development Agency (BEDA) in partnership with Deloitte Access Economics, revealed the city\u2019s economy reached $201 billion in 2024 \u2013 a $28 billion uplift since 2020, representing 16% growth in just four years.<\/p>\n

The report found employment has jumped by 274,000 since 2020, as the city undergoes a historic infrastructure transformation ahead of the 2032 Olympics, with a pipeline of major projects now exceeding $100 billion.\u00a0<\/p>\n

This includes more than $11 billion in experience economy infrastructure, from new entertainment venues and sporting facilities to tourism attractions like the Mt Coot-tha Masterplan, creating unforgettable experiences for residents and visitors alike.\u00a0<\/p>\n

\u201cBrisbane is a city on the rise, and it is the best place to live, work and visit,\u201d said the city\u2019s Lord Mayor, Adrian Schrinner.<\/p>\n

\u201cOur experience economy is booming as people are coming here to dine, explore, play, and be part of world-class events, and that\u2019s creating jobs and opportunities right across our city.<\/p>\n

\u201cWe\u2019re delivering record jobs, record investment and a booming experience economy that\u2019s putting Brisbane on the world stage.<\/p>\n

\u201cWe\u2019re getting on with the job of building a vibrant, resilient city full of opportunity.<\/p>\n

\u201cWith the global spotlight on us in the lead-up to the Brisbane 2032 Olympic and Paralympic Games, our momentum has never been greater and we\u2019re building a better Brisbane right now.\u201d<\/p>\n

\"\"<\/p>\n

Key findings from the 2025 State of the City report include:<\/p>\n

Australia\u2019s fastest-growing health industry:<\/p>\n

$22 billion economic contribution in 2024 \u2013 double the size it was in 2010<\/p>\n

Annual growth of 6% \u2013 the fastest of any Australian capital<\/p>\n

Medical and pharmaceutical exports up 114 per cent since 2013 \u2013 three times the national growth rate\u00a0<\/p>\n

Australia\u2019s fastest-growing experience economy<\/p>\n

Record $13.7 billion in total visitor expenditure in 2024<\/a><\/p>\n

Domestic visitor growth three times higher than the next-best capital.\u00a0<\/p>\n

$11.1 billion in new experience economy infrastructure underway\u00a0<\/p>\n

Hospitality sector grew 30% \u2013 the fastest growth of any Australian capital.\u00a0<\/p>\n

Sporting and cultural sectors up 76% over the past decade.<\/p>\n

$811m in major and business events secured for future years.\u00a0<\/p>\n

The report also forecasted strong 10-year growth across property and construction (41%), advanced manufacturing (29%), transport and logistics (43%) and the knowledge economy (50%). \u00a0<\/p>\n

\u201cFew cities in the world can match Brisbane\u2019s current momentum, which is fuelled by strong population growth, a diverse economy and massive infrastructure investment,\u201d said Deloitte Access Economics Lead Partner, Pradeep Philip.<\/p>\n

\u201cFrom tourism to quantum computing, Brisbane is setting the pace nationally and internationally, and is on track to hit $275 billion by 2041 with South East Queensland projected to be home to six million people by 2046.\u201d<\/p>\n

\u201cBrisbane is the growth stock of Australia and the Asia Pacific,\u201d said Brisbane Economic Development Agency CEO, Anthony Ryan.<\/p>\n

\u201cOur city is fertile ground for entrepreneurs, investors and business leaders looking for the next breakthrough, city-defining project or global success story.\u00a0<\/p>\n

\u201cOur thriving restaurant scene, blockbuster events and growing tourism industry have also made Brisbane\u2019s experience economy a magnet for talent, investment and ideas.<\/p>\n

\u201cBrisbane is a city where lifestyle and opportunity go hand in hand, and we\u2019re only just getting started.\u201d<\/p>\n

The full 2025 State of the City Report is available at:\u00a0https:\/\/choose.brisbane.qld.au\/state-of-the-city<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Brisbane\u2019s economy has surged past $200 billion for the first time, with new figures confirming the city\u2019s position…\n","protected":false},"author":2,"featured_media":84125,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-84124","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/84124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=84124"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/84124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/84125"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=84124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=84124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=84124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}